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Estimating temperature effects on the Italian electricity market

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  • Bigerna, Simona

Abstract

This paper provides empirical evidence of the effects that weather conditions exert on the electricity market, offering a new contribution to the understanding of hourly regional price formation in the day ahead market in Italy. The empirical estimation uses a new data set of hourly data on both market variables and temperature variables.

Suggested Citation

  • Bigerna, Simona, 2018. "Estimating temperature effects on the Italian electricity market," Energy Policy, Elsevier, vol. 118(C), pages 257-269.
    • Handle: RePEc:eee:enepol:v:118:y:2018:i:c:p:257-269
    DOI: 10.1016/j.enpol.2018.03.068
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    Cited by:

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    3. Mosquera-López, Stephanía & Uribe, Jorge M. & Manotas-Duque, Diego F., 2018. "Effect of stopping hydroelectric power generation on the dynamics of electricity prices: An event study approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 456-467.
    4. Alcantara da Silva Neto, Waldemiro & Vaz Lobo Bittencourt, Mauricio & Eduardo Monsueto, Sandro, 2024. "Addressing low-quality electricity service for low-income consumers: Empirical evidence from Brazil," Utilities Policy, Elsevier, vol. 88(C).
    5. Chabouni, Naima & Belarbi, Yacine & Benhassine, Wassim, 2020. "Electricity load dynamics, temperature and seasonality Nexus in Algeria," Energy, Elsevier, vol. 200(C).

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    More about this item

    Keywords

    Hourly electricity market; Temperature effects; Hourly temperature data; Vector autoregression; Non-parametric regression;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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